Waste Connections (STU:UI51) LT-Debt-to-Total-Asset : 0.42 (As of Mar. 2024)

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What is Waste Connections LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Waste Connections's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.42.

Waste Connections's long-term debt to total assets ratio increased from Mar. 2023 (0.41) to Mar. 2024 (0.42). It may suggest that Waste Connections is progressively becoming more dependent on debt to grow their business.

Waste Connections LT-Debt-to-Total-Asset Historical Data

The historical data trend for Waste Connections's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Waste Connections LT-Debt-to-Total-Asset Chart

Waste Connections Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.35

0.41

0.39

Waste Connections Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.40	0.40	0.39	0.42

Waste Connections LT-Debt-to-Total-Asset Calculation

Waste Connections's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6385.264	/	16428.858
	=	0.39

Waste Connections's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	7401.041	/	17556.047
	=	0.42

Waste Connections (STU:UI51) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Waste Connections LT-Debt-to-Total-Asset Related Terms

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Waste Connections (STU:UI51) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Waste Connections Inc (STU:UI51) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WCN:USA WCN:Mexico WCN:Canada

Address

6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3

Website

https://www.wasteconnections.com

Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 100 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 79 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2022, 13% of consolidated revenue was generated from the firm's Canadian segment.

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